159 University Avenue

Key facts

• Property type: Single Family
• Structure: Two Apartment House
• Transaction: For Sale
• Price: $499,900
• Bedrooms: 8
• Bathrooms: 2
• Interior size: 2,528 sqft
• Lot size: 53x100
• Year built: 1963
• Listing key: 29733001

Listing overview

This registered two-apartment property offers an exceptional opportunity in one of the city’s most sought-after rental locations, ideally situated next to Memorial University, Prince of Wales Collegiate, the Health Sciences Centre, shopping, recreation, major amenities and bus route in front. Featuring a total of eight bedrooms, the home is configured into two spacious four-bedroom units, each complete with its own kitchen, living room, four-piece bathroom, and in-unit laundry facilities. The property currently generates $4,600 in monthly rental income, with each bedroom renting for $575 (with potential of higher) and one room presently vacant, providing immediate income potential with room for further growth. Its prime location makes it highly attractive to students, healthcare professionals, and long-term tenants alike. Extensively renovated from the studs in 2015, the property underwe...